Candid Comments From Cordray About CFPB Internal Struggles
During a town hall meeting organized by NCUA, CFPB Director Richard Cordray admitted that there was disagreement within the agency about whether to amend certain TILA definitions to allow more small and rural lenders to make Qualified Mortgages without having to comply with certain requirements. Cordray also addressed the agency’s focus on disparate impact in auto dealer markups. [2/12/15]